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Trade in short positions ahead Nonfarm payrolls report

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  • Trade in short positions ahead Nonfarm payrolls report

    At the end of the business week are expecting positive news for U.S. Nonfarm Payrolls and Unemployment rate. According to World-Signals.com the Unemployment rate may down to 4.0% while Nonfarm payrolls to release at levels between 200K and 240K. But first the focus is over EU GDP and ECB President Draghi's Speech on Thursday.
    The Dollar takes advantage over the Euro in the last 3 days and may continue with another 70-100 pips ahead the Friday's report.
    The trading strategy is to open short positions with target below 1.1750 while on Friday is possible new direction. As overall we do not expect big movements and trading within 1.1730-50 and 1.1890.
    World-Signals.com - Forex, Stock, Energy and Metal signals to the world